Manhattan Associates, Inc. (NASDAQ:MANH) Given Average Recommendation of “Moderate Buy” by Brokerages

Manhattan Associates, Inc. (NASDAQ:MANH) has been assigned a consensus recommendation of “Moderate Buy” from the thirteen analysts that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and eight have given a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $202.9091.

A number of research analysts have weighed in on MANH shares. William Blair reissued an “outperform” rating on shares of Manhattan Associates in a research note on Thursday, March 5th. Barclays increased their price target on Manhattan Associates from $236.00 to $239.00 and gave the stock an “overweight” rating in a research note on Thursday, April 23rd. Weiss Ratings lowered Manhattan Associates from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, April 27th. DA Davidson reissued a “buy” rating and set a $200.00 price target on shares of Manhattan Associates in a research note on Wednesday, May 20th. Finally, Stifel Nicolaus set a $200.00 price target on Manhattan Associates in a research note on Wednesday, May 20th.

Manhattan Associates Stock Performance

MANH stock opened at $139.67 on Friday. Manhattan Associates has a 1 year low of $119.06 and a 1 year high of $247.22. The stock’s 50 day moving average price is $135.16 and its 200 day moving average price is $153.25. The firm has a market cap of $8.26 billion, a P/E ratio of 39.12 and a beta of 0.95.

Manhattan Associates (NASDAQ:MANH) last posted its earnings results on Tuesday, April 21st. The software maker reported $1.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.14. Manhattan Associates had a return on equity of 78.13% and a net margin of 19.68%.The firm had revenue of $282.22 million for the quarter, compared to analyst estimates of $273.71 million. During the same quarter in the prior year, the company earned $1.19 EPS. Manhattan Associates’s revenue was up 7.4% on a year-over-year basis. Manhattan Associates has set its FY 2026 guidance at 5.290-5.370 EPS. On average, research analysts predict that Manhattan Associates will post 3.75 earnings per share for the current year.

Manhattan Associates declared that its Board of Directors has authorized a share repurchase program on Thursday, March 5th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the software maker to buy up to 5.8% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling at Manhattan Associates

In other Manhattan Associates news, EVP James Stewart Gantt sold 7,300 shares of the stock in a transaction on Friday, April 24th. The stock was sold at an average price of $139.25, for a total transaction of $1,016,525.00. Following the transaction, the executive vice president owned 60,815 shares of the company’s stock, valued at $8,468,488.75. This represents a 10.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.84% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in MANH. Allianz Asset Management GmbH increased its holdings in shares of Manhattan Associates by 33.8% during the 3rd quarter. Allianz Asset Management GmbH now owns 55,421 shares of the software maker’s stock worth $11,360,000 after buying an additional 14,013 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al increased its holdings in shares of Manhattan Associates by 30.6% during the 4th quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 187,555 shares of the software maker’s stock worth $32,505,000 after buying an additional 43,955 shares during the last quarter. Alliancebernstein L.P. increased its holdings in shares of Manhattan Associates by 22.7% during the 3rd quarter. Alliancebernstein L.P. now owns 2,801,901 shares of the software maker’s stock worth $574,334,000 after buying an additional 518,321 shares during the last quarter. Teacher Retirement System of Texas increased its holdings in shares of Manhattan Associates by 124.7% during the 3rd quarter. Teacher Retirement System of Texas now owns 40,303 shares of the software maker’s stock worth $8,261,000 after buying an additional 22,368 shares during the last quarter. Finally, Bessemer Group Inc. increased its holdings in shares of Manhattan Associates by 19.3% during the 3rd quarter. Bessemer Group Inc. now owns 654,914 shares of the software maker’s stock worth $134,245,000 after buying an additional 106,076 shares during the last quarter. Hedge funds and other institutional investors own 98.45% of the company’s stock.

Manhattan Associates Company Profile

Manhattan Associates, Inc (NASDAQ: MANH) is a provider of supply chain and omnichannel commerce software solutions designed to optimize the flow of goods, information and funds across enterprise operations. Its flagship offerings include warehouse management, transportation management, order management and omnichannel fulfillment applications. These solutions are delivered through a cloud-native platform called Manhattan Active, which enables retailers, manufacturers, carriers and third-party logistics providers to orchestrate inventory, manage distribution and improve customer service in real time.

Key product areas include Manhattan Active Warehouse Management, which automates and optimizes warehouse operations from receiving through shipping; Manhattan Active Transportation Management, supporting carrier selection, routing and freight payment; and Manhattan Active Omni, which unifies order capture, inventory visibility and fulfillment across stores, distribution centers and e-commerce channels.